Hong Kong: A total of 3,189 sale and purchase agreements for all types of buildings registered in February, a decrease of 46.7% year-on-year.

The Hong Kong Land Registry released the statistics for February 2024 today (March 4). In February, a total of 3189 contracts for various types of building sales transactions were submitted for registration, a decrease of 27.5% compared to the previous month and a decrease of 46.7% compared to the same period last year. Based on a twelve-month moving average, there were 4602 building sales contracts in Hong Kong in February, a decrease of 4.8% compared to the previous month and a decrease of 8.1% compared to the same period last year. The total value of building sales contracts in Hong Kong in February was 22.6 billion Hong Kong dollars, a decrease of 32.9% compared to the previous month and a decrease of 48.5% compared to the same period last year. Of the above contracts, residential building sales contracts accounted for 2375, a decrease of 31.7% compared to the previous month and a decrease of 44.5% compared to the same period last year. The total value of residential building sales contracts in February was 19.1 billion Hong Kong dollars, a decrease of 31.3% compared to the previous month and a decrease of 47.9% compared to the same period last year.